Federal Signal Corporation $FSS Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its stake in Federal Signal Corporation (NYSE:FSS) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,600 shares of the conglomerate’s stock after purchasing an additional 900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Federal Signal were worth $1,341,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FSS. Opal Wealth Advisors LLC acquired a new stake in Federal Signal in the first quarter worth about $29,000. Bessemer Group Inc. lifted its holdings in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 185 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 93 shares during the period. Signaturefd LLC lifted its holdings in Federal Signal by 46.3% in the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after purchasing an additional 209 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a report on Wednesday, October 8th. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Raymond James Financial boosted their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. CJS Securities reiterated a “market perform” rating and issued a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Finally, DA Davidson boosted their price target on shares of Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.00.

Federal Signal Price Performance

NYSE FSS opened at $116.54 on Tuesday. The stock’s 50-day moving average price is $123.88 and its two-hundred day moving average price is $104.86. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market cap of $7.08 billion, a PE ratio of 32.46, a PEG ratio of 2.06 and a beta of 1.29. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, analysts predict that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were issued a $0.14 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio is currently 15.60%.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.